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Saudi Arabia's Acwa Power has secured a funding package of $123 million for the development of the 200MW Kom Ombo solar project in Egypt. The package was provided by international financial institutions including the EBRD, OPEC Fund, AfDB, GCF, Arab Bank, and SEFA. The project, while previously delayed due to global supply chain disruptions caused by the pandemic, is expected to generate enough clean energy to power 130,000 Egyptian households and offset 280,000 tons of carbon emissions annually, contributing to Egypt's renewable energy targets.

ACWA Power Receives Financing for 200MW Egyptian Solar Project

Saudi Arabia’s Acwa Power has secured a funding package of $123 million for the development of the 200MW Kom Ombo solar project in Egypt. The package was provided by international financial institutions including the EBRD, OPEC Fund, AfDB, GCF, Arab Bank, and SEFA. The project, while previously delayed due to global supply chain disruptions caused by the pandemic, is expected to generate enough clean energy to power 130,000 Egyptian households and offset 280,000 tons of carbon emissions annually, contributing to Egypt’s renewable energy targets.

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